Reverse Mortgages

Benefits to obtaining a reverse mortgage:

• The income of the individual is not a factor in determining one’s eligibility
• Does not have any impact on a person’s right to receive Social Security or Medicare
• The proceeds of thereverse mortgage are income tax free
• A reverse mortgage is a non recourse loan,
• The proceeds from the loan can be used for any purpose; pay bills or take a vacation

  Learn more about the history, benefits, and drawback of a reverse mortgage

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~BucksCounty-ElderLaw.com